Quote from: sneakersjay on January 02, 2011, 03:46:22 PM
Money is the downfall of many relationships, trans or not.
This.
It sounds like you've already identified how to get started here, Paul. Getting more involved in family budgeting is part of it. Also, transitioning is expensive, and it sounds like you're figuring out how much you need to prioritize within that. I think even among transitioning expenses, it's important to figure out the differences between needs and wants. For example, I *need* to spend the $ to publish my court ordered name change, because I need to be able to safely work and travel in male ID. I *want* to go to the barber once every 4 weeks to maintain my nice masculine haircut.
I also wanted to chime in that there are multiple ways to work together with your spouse, even if you have different ideas about dealing with money. For some people, it works better to budget together the whole pool of family net income - e.g., you sit down every month and go over the big (and small - it adds up!) spending. For other people, it can work better to separate money almost immediately into 'accounts' - necessities (food, rent, etc.), kids, yours, his. I know this works well for one couple I'm friends with that each considers the other's discretionary spending to be frivolous. It removes the judgment from it. But it does force you to make value decisions to begin with about what is necessity about and not (e.g., health care related to trans is health care in my book, ID so you can ultimately work as the proper gender, etc.), which makes this still require some good communication in how you set it up.
A few additional thoughts:
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Mint.com is absolutely amazing at helping you budget and see where your money goes
- Even if he is the primary income earner, make sure that you are each building up a good credit rating by making responsible use of credit and maintaining bills in each of your names
- Please make sure you are carrying proper life & disability insurance on each of you, due to the kids (most employees are insufficiently covered & most stay at home parents WOEFULLY undercovered or not even covered at all!)